Procuurement Management Question
Submitted by bridge on Sat, 06/01/2013 - 08:50
There is a question on PMStudy free Mock -
| Question No : 164 |
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| Which of the following should you (the buyer) pay attention to when you administer a contract? |
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| Choice 1 | Ensure that contractual obligations are met. | |
| Choice 2 | Apply appropriate project management processes to the contractual relationship and integrate the outputs from these processes to the overall management of the project. | |
| Choice 3 | Monitor payments to the seller. | |
| Choice 4 | Perform regular procurement audits. | |
| Correct Choice : 4 | ||
| Justification : |
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A procurement audit is a structured review of the procurement process originating from Plan Procurements process through Administer Procurements process. This is one of the tools and techniques used in Close Procurements process. |
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I feel that Choice 1 is also correct. Becuase on Page 335 of PMBok - 3rd line :
"Each (Both buyer and seller " must ensure that both parties meet their contractual obligations and their own legal rights are protected."
So what is right ?
Forums:
Dcoolsam
Sun, 06/02/2013 - 04:58
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Hi,I personally feel that
Hi,
I personally feel that they have not mentioned "EXCEPT" keyword.
All the choices 1,2,3 are correct for Administer Procurements except the 4 th one, which is Procurement Audit. Procurement audit is done in the Close Procurements process, which records project's success / failure.
cnppmp
Sun, 06/02/2013 - 17:28
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I think question is incorrect
3 options are correct and procurement audit is incorrect since it belongs to closure of procurements.
May be EXCEPT missing..
Regards
CN Patil